What is the process of becoming a stock broker in India? What are the steps for the same?

manpreet Best Answer 2 years ago

After passing 12th you cannot be a Stock Broker as it requires minimum qualification as graduation but you can be Sub Broker (person who is not a member of stock exchange but works on behalf of stock broker as an agent) To be a stock broker, you need to take into consideration the following points :Register with the stock exchange(s) depending upon their dealings in the securities listed at various stock exchanges To become a member, you need to clear a written entrance test and then undergo training, which includes subjects like accountancy, capital markets, and portfolio analysis and so on On the application and consequent attainment of the membership, a certain amount has to be deposited with the stock exchange as security. Membership is given after scrutiny to ensure that the person concerned possesses the infrastructure (computer, internet connection, etc.) to be able to operate as a broker.One has to take NSEs certification in Financial Markets and BSE certification on derivatives exchange.